Home Sales Up in St. Louis
ST. LOUIS (KMOX) – St. Louis is holding its own when it comes to home sales over the last year, in fact they’ve gone up a little.
“We sold 1,207 homes in September (2011) as compared to 1,057 in September 2010” says President of the St. Louis Association of Realtors Nate Johnson.
Johnson says the flip side of the growth in sales is the price of homes. “Our average sale price is down from what it was over the last two years. That makes be scratch my head just a bit.” said Johnson.
He says this September saw a dramatic drop in prices. He calls that an anomaly because it doesn’t reflect prices in all of the other months.
He says given the lagging economy, St Louis is exactly “were it needs to be in real estate.”
Copyright KMOX Radio